Quest Laboratories Limited IPO
- IPO Date15 May, 2024 to 17 May, 2024
- Listing Date23 May, 2024
- Face Value₹10 per share
- Issue Price₹93 to ₹97 per share
- Lot Size1200 Shares
- Minimum Investment₹1,16,400
- Listing AtNSE SME
- Total Issue Size44,49,600 Shares
(aggregating up to ₹43.16 Cr) - Fresh Issue44,49,600 Shares
(aggregating up to ₹43.16 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,19,37,600
- Shareholding post issue1,63,87,200
IPO Dates
Closing Date
17 May, 2024
Initiation of Refunds
22 May, 2024
Listing Date
23 May, 2024
15 May, 2024
Opening Date
21 May, 2024
Basis of Allotment
22 May, 2024
Credit of Shares
Quest Laboratories Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1200 | ₹1,16,400 |
| HNI (Min) | 2 | 2400 | ₹2,32,800 |
| Retail (Min) | 1 | 1200 | ₹1,16,400 |
Quest Laboratories Limited Promoter Holding
The promoters of the company are Mr. Anil Kumar Sabarwal and Ms. Tejaswini Sabarwal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 90.36% | 65.82% |
Quest Laboratories Limited COMPANY INFORMATION
Quest Laboratories IPO is a book built issue of Rs 43.16 crores. The issue is entirely a fresh issue of 44.5 lakh shares. Quest Laboratories IPO opens for subscription on May 15, 2024 and closes on May 17, 2024. The allotment for the Quest Laboratories IPO is expected to be finalized on Tuesday, May 21, 2024. Quest Laboratories IPO will list on NSE SME with tentative listing date fixed as Thursday, May 23, 2024. Quest Laboratories IPO price band is set at ₹93 to ₹97 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹116,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹232,800. Shreni Shares Limited is the book running lead manager of the Quest Laboratories IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Quest Laboratories IPO is Rikhav Securities. Refer to Quest Laboratories IPO RHP for detailed information.
Incorporated in June 1998, Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.
The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar.
The manufacturing unit of the company is located in Dhar, Madhya Pradesh.
The company holds WHO Schedule M GMP and GLP certifications, as well as ISO/IEC 17025:2017 and ISO 9001:2015 certifications.
By December 31st, 2023, the company employs 83 individuals to lookafter various aspects of its manufacturing operations, including production, quality control, technical and engineering support services, inventory management, administration, accounting, and other functions such as storage, packing, and dispatch.
FAQs About Quest Laboratories Limited Ipo
Quest Laboratories Limited IPO will open on 15 May, 2024 and close on 17 May, 2024. Investors must apply within this period to participate.
The Quest Laboratories Limited IPO price band is set between ₹93.00 and ₹97.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹116400.00.
The Quest Laboratories Limited IPO shares are expected to be listed on 23 May, 2024, subject to regulatory approvals and final allotment.
You can track your Quest Laboratories Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Quest Laboratories Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.